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Confidential Information Agreement

This Confidential Information Agreement (also known as a Non-Disclosure Agreement or NDA) is used to protect sensitive business information when shared with third parties, employees, or contractors. It legally binds the recipient to keep specified information confidential and outlines the consequences of disclosure.

Updated 15d ago
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Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Website: {{website}}

CONFIDENTIAL INFORMATION AGREEMENT

This Confidential Information Agreement (hereinafter referred to as the “Agreement”) is made and entered into effective as of {{effective_date}} (the “Effective Date”), by and between:

{{company_name}}, a company duly incorporated under the laws of {{jurisdiction}}, with its principal place of business at {{company_address}} (hereinafter referred to as the “Disclosing Party”); and

{{recipient_name}}, {{recipient_ID_type}} bearing ID/Passport number {{recipient_ID_number}}, residing at {{recipient_address}} (hereinafter referred to as the “Receiving Party”).

Collectively referred to as the “Parties” and individually as a “Party”.

1. Purpose

The Disclosing Party possesses certain confidential and proprietary information that it considers valuable and wishes to disclose to the Receiving Party for the purpose of {{purpose_of_disclosure}} (hereinafter referred to as the “Permitted Purpose”). The Receiving Party acknowledges and agrees that the Disclosing Party’s willingness to provide such information is contingent upon the Receiving Party agreeing to the terms and conditions outlined herein.

2. Definition of Confidential Information

2.1. “Confidential Information” shall mean any and all information, in whatever form or medium, whether oral, written, electronic, visual, or otherwise, disclosed by the Disclosing Party to the Receiving Party, directly or indirectly, including but not limited to: trade secrets, financial data, business plans, marketing strategies, customer lists, technical data, product designs, software, prototypes, inventions, formulas, processes, data, employee information, and any other proprietary information that is designated as confidential or would reasonably be understood to be confidential given the nature of the information and the circumstances of disclosure.

2.2. Confidential Information does not include information that:

a) Is, or becomes, publicly available without breach of this Agreement by the Receiving Party;

b) Is lawfully known to the Receiving Party at the time of disclosure, as evidenced by written records;

c) Is obtained by the Receiving Party from a third party who has the lawful right to disclose such information without restriction;

d) Is independently developed by the Receiving Party without use of or reference to the Disclosing Party’s Confidential Information, as evidenced by written records.

3. Obligations of the Receiving Party

3.1. The Receiving Party agrees to: keep the Confidential Information in strict confidence and to take all reasonable measures to protect it from unauthorized disclosure, use, or access.

3.2. Not to disclose, publish, or disseminate the Confidential Information to any third party without the prior written consent of the Disclosing Party.

3.3. Not to use the Confidential Information for any purpose other than the Permitted Purpose.

3.4. Limit access to the Confidential Information to those of its employees, agents, or contractors who have a need to know such information for the Permitted Purpose and who are bound by confidentiality obligations at least as restrictive as those contained herein.

3.5. Notify the Disclosing Party immediately upon discovery of any unauthorized disclosure or use of Confidential Information.

4. Return or Destruction of Confidential Information

4.1. Upon the Disclosing Party’s written request, or upon termination of this Agreement, the Receiving Party shall promptly return to the Disclosing Party all original and any copies of Confidential Information, or, at the Disclosing Party’s option, destroy all physical and electronic copies of such information and certify its destruction in writing.

4.2. Notwithstanding the foregoing, the Receiving Party may retain one copy of the Confidential Information for archival purposes in its legal department to comply with applicable laws, regulations, and professional standards, provided that such retained copies remain subject to the confidentiality obligations of this Agreement.

5. Term

This Agreement shall commence on the Effective Date and shall remain in effect for a period of {{term_duration}} (e.g., two years, indefinitely) unless terminated earlier in accordance with the provisions of this Agreement. The confidentiality obligations set forth in this Agreement shall survive the termination of this Agreement for a period of {{survival_duration}} (e.g., three years, indefinitely).

6. Remedies

The Receiving Party acknowledges that monetary damages may not be a sufficient remedy for any breach of this Agreement and that the Disclosing Party shall be entitled to seek injunctive relief or specific performance, in addition to any other remedies available at law or in equity, for any actual or threatened breach of this Agreement.

7. Governing Law and Jurisdiction

7.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}, without regard to its conflict of laws principles.

7.2. The Parties irrevocably agree that the courts of {{dispute_resolution_jurisdiction}} shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this Agreement or its subject matter or formation.

8. Entire Agreement

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written, relating thereto. No modification or amendment to this Agreement shall be effective unless in writing and signed by both Parties.

9. Signatures

IN WITNESS WHEREOF, the Parties have executed this Confidential Information Agreement as of the Effective Date.

DISCLOSING PARTY:

_________________________________

By: {{disclosing_party_signatory_name}}

Title: {{disclosing_party_signatory_title}}

Date: {{disclosing_party_signature_date}}

RECEIVING PARTY:

_________________________________

By: {{receiving_party_signatory_name}}

Title: {{receiving_party_signatory_title}}

Date: {{receiving_party_signature_date}}

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